Impact of Brokerage Rating on Paycom Software, Inc.(PAYC)

Many Paycom Software, Inc.(PAYC) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Paycom Software Inc was Downgraded by Pacific Crest to Sector Weight on Jan 30, 2017. Paycom Software Inc was Initiated by Oppenheimer to Outperform on Dec 2, 2016.

Company has reported several Insider transactions to the SEC, on Dec 15, 2016, Chad R. Richison (CEO) purchased 25,000 shares at 45.73 per share price.On Nov 17, 2016, Larry V Parman (director) purchased 250 shares at 41.82 per share price.On Nov 15, 2016, Frederick C Ii Peters (director) purchased 1,000 shares at 41.24 per share price.

Paycom Software Inc Last issued its quarterly earnings results on Nov 1, 2016. The company reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.12. The company had revenue of $77.30 million for the quarter, compared to analysts expectations of $76.71 million. The companys revenue was up 39.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Paycom Software, Inc. (NYSE:PAYC) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 1.67 by 9 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 3 Brokerage Firms have advised hold.

Paycom Software, Inc. (NYSE:PAYC): The stock price is expected to reach $ 56.22 in the short term. The number of analysts agreeing with this consensus is 9. The higher estimate for the short term price target is at $60 while the lower estimate is at $53. The standard deviation of the price stands at $2.22.

Paycom Software, Inc. (NYSE:PAYC) rose 0.69% or 0.36 points on Tuesday and made its way into the gainers of the day. After trading began at $51.57 the stock was seen hitting $52.31 as a peak level and $50.8 as the lowest level. The stock ended up at $52.2. The daily volume was measured at 699,816 shares. The 52-week high of the share price is $52.93 and the 52-week low is $24.32. The company has a market cap of $2,993 million.

Paycom Software, Inc. is a provider of a cloud-based human capital management software solution delivered as Software-as-a-Service. It provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. Its HCM solution offers a suite of applications in the areas of talent acquisition, time and labor management, and payroll. The companys HCM solution also provides talent management applications, and HR management applications. Paycom Software, Inc. is headquartered in Oklahoma City, Oklahoma.


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